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In 2009, the G20 countries pledged to phase out 'inefficient' fossil fuel subsidies, which have long been seen as an obstacle to fighting climate change. But today, subsidies for oil and gas producers are at record levels -- $64 billion in 2021. It’s not just to do with the war in Ukraine.
Despite its image as a leader on climate change, the UK is listed as one of the worst offenders for government support to oil and gas producers because of its generous tax relief.
Presenters Graihagh Jackson and Luke Jones are joined by:
Ipek Gensu, Senior Research Fellow at Overseas Development Institute
Email us: [email protected]
Producer: Sophie Eastaugh
Archive: The Obama White House
4.4
158158 ratings
In 2009, the G20 countries pledged to phase out 'inefficient' fossil fuel subsidies, which have long been seen as an obstacle to fighting climate change. But today, subsidies for oil and gas producers are at record levels -- $64 billion in 2021. It’s not just to do with the war in Ukraine.
Despite its image as a leader on climate change, the UK is listed as one of the worst offenders for government support to oil and gas producers because of its generous tax relief.
Presenters Graihagh Jackson and Luke Jones are joined by:
Ipek Gensu, Senior Research Fellow at Overseas Development Institute
Email us: [email protected]
Producer: Sophie Eastaugh
Archive: The Obama White House
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